Singapore bank lending up 0.4% in June: MAS

BANK lending in Singapore rose 0.4 per cent in June from the month before, preliminary data from the Monetary Authority of Singapore on Monday showed.

This was a shade stronger when compared with the 0.3 per cent growth in May 2017 from the month before. Loans through the domestic banking unit - which capture lending in all currencies but mainly reflect Singapore-dollar lending - stood at S$636 billion in June, up from S$633 billion in May.

From a year ago, bank lending in June was up 7.6 per cent. This compared with the 6.8 per cent year-on-year growth in May.